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Pivot Point with Money Management Strategy

  • #81
  • Jul 18, 2007 6:22am Jul 18, 2007 6:22am
Buy/sell?


Quoting hebsh
Olaha
i entered 4 lots my entry point 20499 SL 20 pips Below
Advice me Please
my time of entring 8.30GMT
  • #82
  • Jul 18, 2007 6:26am Jul 18, 2007 6:26am
Yes... that's the way we look for the trend.
We look for buy market only today.
Unless the price break the PP level on Daily and 4 hours.
This way is save.
We have to see the price above or below all 3 PP go to same direction.
Yes...you are a good student...follow the rule.
Good Luck!


Quoting leo221
hi Olaha:
thank for share your sys and teaching.
My question is :by the rule say when price above (below)3 PP level we go
buy (short) .Today the daily PP is 2.0429 it is far away,so now we do not
have chance to short ,trade buy only before the price go down below the
daily PP (2.0429).
Do i understand right?
thank again
  • #83
  • Jul 18, 2007 7:06am Jul 18, 2007 7:06am
hi Olaha

Could you please tell me what the percentage of winners to losers you have, and how consistent is this method?

thanks
  • #84
  • Jul 18, 2007 7:13am Jul 18, 2007 7:13am
80% winners
20% losers.

I can't say 100% perfect.
This rule, very rare I get lost because my rule is every 15 to 20 pips move, I move my SL to b/e or +3.
If you don't follow the rule, yes.. you will get a lot of reverse your position.


Quoting hope&glory
hi Olaha

Could you please tell me what the percentage of winners to losers you have, and how consistent is this method?

thanks
  • #85
  • Jul 18, 2007 7:19am Jul 18, 2007 7:19am
is it time to trade? 1.20500?
or waiting for the news?
  • #86
  • Jul 18, 2007 7:20am Jul 18, 2007 7:20am
Wait for news


Quoting leo221
is it time to trade? 1.20500?
or waiting for the news?
  • #87
  • Jul 18, 2007 7:23am Jul 18, 2007 7:23am
Who want to follow up news, this can help you;

Wednesday, July 18th, 2007 (8:30 a.m. New York Time) USA
SUMMARY:
* Report: U.S. CPI CORE y/y
* SELL on GBP/USD if the number will be 2.3% or higher
* BUY on GBP/USD if the number will be 2.1% or lower
* If the trigger is hit, expect 50 pips or more in the first hour of the report.
  • #88
  • Jul 18, 2007 7:35am Jul 18, 2007 7:35am
Can take sell but up to 2.0260 only
Bullish still continue latter.
  • #89
  • Jul 18, 2007 7:36am Jul 18, 2007 7:36am
ammd - 2.0460
Quoting Olaha
Can take sell but up to 2.0460 only
Bullish still continue latter.
  • #90
  • Jul 18, 2007 7:53am Jul 18, 2007 7:53am
i found in this hour eru is short mold,chf is long mold .so are we just on a
wrong pair？
and one more question :i found sometime the pp level are not in order,like
for long,daily then 4H then 1H from low price to high. for now it is daily is 429,then 1H is 495 ,then 4H is 515. (12:00) is this a problem ?
  • #91
  • Jul 18, 2007 7:54am Jul 18, 2007 7:54am
This is for the next news;

Wednesday, July 18th, 2007 (10:00 a.m. New York Time) USA
At 10 a.m. NY time we have Bernanke talking and giving his semiannual testimony. Everybody expects him to be hawkish, and if he drops his hawkish tone, I think we may possibly see GBP/USD gain 50 pips or more in the first hour of the report. On the other hand, if he remains in a similar hawkish tone like before, most likely it will be too dangerous to trade but the way to trade his testimony will largely depend on BOE minutes and U.S. CPI reading. If you are new to this, I suggest you to skip the testimony because it may be a little bit too tricky.
  • #92
  • Jul 18, 2007 7:59am Jul 18, 2007 7:59am
No..that is correct (the PP level).
During new release is like that.
Don't compare the trend with other pairs during the news release.


Quoting leo221
i found in this hour eru is short mold,chf is long mold .so are we just on a
wrong pair？
and one more question :i found sometime the pp level are not in order,like
for long,daily then 4H then 1H from low price to high. for now it is daily is 429,then 1H is 495 ,then 4H is 515. (12:00) is this a problem ?
  • #93
  • Jul 19, 2007 1:50am Jul 19, 2007 1:50am
hi
is gbp ready to long right now.look like price is above all pp level,and touch the R1(1H),STO(M15) get a new cross.price is 2.0530 now.
  • #94
  • Jul 19, 2007 2:06am Jul 19, 2007 2:06am
Wait for 4.30 news..

General direction will be Bullish.. but just give a space for the news release to retrace. Than we take Buy... remember... look for 1 hour and 15 minutes Stochastic retracement.

Good Luck!

Quoting leo221
hi
is gbp ready to long right now.look like price is above all pp level,and touch the R1(1H),STO(M15) get a new cross.price is 2.0530 now.
  • #95
  • Jul 19, 2007 2:38am Jul 19, 2007 2:38am
Leo221,

you see the price retrace now?

If you take just now... sure SL.... heheheee..
  • #96
  • Jul 19, 2007 3:40am Jul 19, 2007 3:40am
I don't take anything now...
I will wait for next New PP at 9 GMT.
This news release doesn't give much move. 30 pips only.

Let the price settle 1st.

Just be passion...
  • #97
  • Jul 19, 2007 3:42am Jul 19, 2007 3:42am
If the price came back to 511 than we enter at 534

Good Luck!
  • #98
  • Jul 19, 2007 4:15am Jul 19, 2007 4:15am
hi all
i just found a real good move on eur/jpy ,it follow the rule 100%.
but just found after...it is really difficuit to follow the every pair with this system i feel.but it is very interesting i will follow
thx olaha
  • #99
  • Jul 19, 2007 5:14am Jul 19, 2007 5:14am
Since the price can't break the 511,
now we look for bearish trend.

We can take at S1 level 480.
  • #100
  • Jul 19, 2007 5:18am Jul 19, 2007 5:18am
EUR/JPY is good currency to follow if you don't like to follow the news release because this pair currency doesn't effect much on any news release.



Quoting leo221
hi all
i just found a real good move on eur/jpy ,it follow the rule 100%.
but just found after...it is really difficuit to follow the every pair with this system i feel.but it is very interesting i will follow
thx olaha
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